Hello Traders!, We have some mid-week analysis with EUR/USD pair, bullish powers has seemed to be put to a stop after reaching the 1.4000 level. Although this could be temporary or a bearish reversal could occur. Lets see how this pari could possibly work out by the end of the week. What Is The Market Telling Us?
There is exhaustion of bullish sentiment Daily timeframe after price reached 1.4000 level, indicating possibly sell off
Price has bounce off key level 1.2300 for the 4th time, after a small fakeout, also giving us signs of bullish momentum on the smaller timeframe
We will wait to see how price will
When Should We Enter?
If we are looking to go LONG, we will look for BUYS once price has reach 1.2600
If we are looking to go SHORT, we will ook for SELLS upon a clear break & pullback on our key level